What happened?
Tesla’s share price has been extremely bumpy journey of late. There were periods of sharp declines between Nov 2022 to Jan 2023, before its staging a strong recovery in the early part of 2023. Tesla’s share price fell sharply after releasing its 3Q23 results, declining by 15% in a single week. At the same time, Tesla bulls believe that its supercomputing training system “Dojo” will open up significant new possibilities for the company beyond electric vehicles. Let’s explore if Tesla’s share price weakness is a window of opportunity for investors, and if artificial intelligence (AI) can change the company’s prospects.
Source: Webull as of 23 October 2023
What are investor concerns for Tesla?
#1 Production issues
Tesla produced 430,488 electric vehicles in the third quarter of 2023, a decline from 479,700 units in the second quarter. Tesla had attributed the fall to production issues as they retrofitted...